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post #21 of 34
Thread Starter 
My pleasure
post #22 of 34

picked some up yesterday at 0.275... is it normal to feel 'icky' when I post here now?

post #23 of 34

No sells for the last year. Here are the insider buys:

 

 

 

Last 5 Trades Shares Bought Shares Sold
Liyanage, Mahesh Nalinda   24,303  
Inwentash, Sheldon   250,000  
Inwentash, Sheldon   250,000  
Inwentash, Sheldon   360,000  
Inwentash, Sheldon   110,000  
post #24 of 34

Sold on the run-up when silver started breaking down, then started witnessing this motivated seller bringing down the sp clueless to how this thing trades... almost as bad as the pta warrant seller lol...starting to build back my position here at 0.255... hopefully this sheep will take this thing even lower...

post #25 of 34

Here she comes... ask's building... unless someone knows something we don't, this feels like the same thing that happened to Cream when it got brought back to the 0.22 level for no reason before it blasted off.. looks like we go even lower seeing as fear is on the ask, and smart money on the bid lowering their orders looking to take advantage.. hoping this is the case and not something fundamental behind the scenes where I end up being one of the sheep suspicious.gif

post #26 of 34

Is there a greater feeling than when sheep get slaughtered? booyah.gif   Dammit now what am I going to pick for the month... (seeing as today does not count for the contest for whatever strange reason..)

post #27 of 34
Southern Silver Exploration

March 1, 2011

Southern Silver Exploration

Southern Silver Starts Exploration on Cerro Las Minitas, Second hole Completed on Dragoon

Southern Silver Exploration Corp. (TSX.V:SSV) reported today that it has commenced its intensive exploration program of the Cerro Las Minitas project, Durango state, Mexico on February 20th, 2011.  The company also reported that the second hole at its Dragoon Copper Porphyry project in Arizona, drilled by optionee Freeport McMoRan Exploration Corp., has intersected a thick interval of veined and mineralized intrusive.

Cerro Las Minitas, Durango State, Mexico

The exploration program at Cerro Las Minitas consists of airborne, ground IP survey, and a minimum of 3,000 metres of diamond drilling

  • The Airborne Magnetic Survey consisting of 1,100 line-kilometres and covering the entire 10,980 hectare property, including the known mineralized zones at Cerro Las Minitas, has been completed on schedule.  The results are currently being evaluated to define magnetic anomalies that have a similar geophysical signature as the one associated with Cerro Las Minitas.  Once the evaluation has been completed, the favourable areas will be prospected, mapped, sampled and surveyed with ground geophysics to define additional drill targets.
  • The Ground I.P. (Induced Polarization) Survey, consisting of approximately 20 line kilometres, commenced February 25th, 2011 and will cover the immediate area of historic mining at Cerro Las Minitas.  It is scheduled to be completed by the third week of March.  The survey will assist in the definition of the lateral and down-dip extent of the wide (up to 60 metres) contact skarn zone that is located at the contact of an intrusion and limestone. The skarn contains well documented high-grade, silver-, lead- and zinc- deposits, which were the focus of historical mining in the area. The skarn also hosts disseminated copper and gold mineralization.  The I.P. survey will also assist in the identification of carbonate replacement deposits (CRDs) containing silver, lead and zinc which are known to be present within the surrounding limestones/marbles.

The geophysical program will cover both known areas of mineralization and newly recognized un-explored regions that may then be prioritized for further explorationbased on their similarity to the known mineralized zones.

The Environmental permit for the drill program has been approved by Mexican Government agencies and the 3,000 metre diamond drill program will commence the second week of March.

The diamond drill program consists of two phases:

  • The primary phase will be directed to test geological targets and those targets identified by previous drilling.
  • The second phase will be directed to test the anomalies identified by the airborne and ground geophysical surveys.

Previously reported assays from a program by Southern Silver of detailed mapping and sampling of surface exposures and trenches in the area of the historic mining confirmed both the style and general tenor of historically reported mineralization on the property.  Eleven of 86 initial grab and chip samples returned values in excess of 100g/t silver, including 464g/t silver and 15.7% lead and 1.16% zinc from a hand-cobbled sample from the Santa Nino chimney(1).  Additional select chip sampling of historic trenches to the southeast and east of the high-grade mantos and chimneys returned strongly anomalous gold (+1g/t) and copper (0.1% to 0.8%) mineralization, which represent significant bulk-tonnage targets in the skarn immediately adjacent to the main intrusive body.

Dragoon Project, Arizona Update

Southern Silver also reported that the second drill hole on the Dragoon project by optionee, Freeport McMoRan Exploration Corp. (FMEC) has intersected a significant interval of veined and mineralized porphyritic granodiorite.  The Dragoon project is located 90 kilometres southeast of Tucson, Az.

The hole which was completed to 1,055 metres, intersected a lower 440 metre interval of altered Paleozoic sedimentary rocks and porphyritic Laramide-age(?) intrusive before passing into, across a strongly sheared contact, unmineralized Precambrian footwall rocks at a depth of 1000 metres.  Quartz veining and variable amounts of copper, molybdenum and zinc sulphides occur sporadically through much of the +400 metre target interval.

Southern Silver believes that this and other historical data suggest the presence of a copper-enriched mineralized system in the project area.

FMEC continues to log and sample the hole.  Assays are pending.

Oro Project, New Mexico

The company also reported that it has initiated the process to file a permit for up to fifteen additional drill holes on the Oro project, New Mexico in early March. Drill targeting follows completion of a 455 line-kilometer airborne magnetic survey over the property, surface exploration and a five-hole, 1,645 meter core drilling program completed early in 2010. The most recent work has identified strongly altered intrusive bodies at depth as well as a large area of magnetic lows that coincide with strong surface alteration over an area of 3.6 kilometres x 1.6 kilometres. The Oro project is situated in the general area of large porphyry copper deposits in Arizona and southwest New Mexico. It is believed that the Oro project has potential for intrusion-related gold mineralization, a porphyry copper-gold deposit as well as silver-enriched CRD deposits.

About the Cerro Las Minitas property

The Cerro Las Minitas property comprises 17 concessions which total 10,980 hectares and an approximate 25 kilometre lineal strike length. The project lies within the Faja de Plata (Belt of Silver) of north-central Mexico, which is one of the most significant silver producing regions in the world. Current reserves/resources and historic production from this region are in excess of three billion ounces of silver.

Mining has been conducted on the property since colonial times and has identified several types of silver-, lead- and zinc-enriched massive-sulphide pipes, veins and carbonate-replacement deposits (CRDs), as well as mineralized skarns at the margins of a large intrusive body. The Santa Eulalia replacement deposit (45Mt of 310g/t Ag, 7.1% Zn and 8.2% Pb) and the skarn deposit of San Martin (60Mt of 118g/t silver, 0.9% copper and 3.9% zinc) are examples of two major Mexican mines occurring in similar geological environments(2). The mineralized zones at Cerro Las Minitas have been exploited to depths of 300 metres and over widths of 60 metres.

Limited historical drilling on the project by Noranda (not independently verified by Southern Silver) returned numerous intervals of higher grade silver and base metals, including: a 11.45 metre interval (down hole) grading 123g/t silver, 1.55% lead and 7.79% zinc from drill hole NGV-00-02 and a 1.41 metre interval (down hole) grading 529g/t silver, 6.99% lead and 1.27% zinc from drill hole NGV-00-06.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is an emerging precious/base metal exploration company and a member of the Manex Resource Group; a private company comprised of an exceptional multi-disciplinary team of professionals with specific expertise in all the areas of exploration, development, corporate financet and public company administration.
The company's growth strategy is to acquire, explore and develop high-quality properties in progressive jurisdictions within North America. Its current projects include the silver-lead-zinc Cerro Las Mintas project, copper-gold-silver Minas de Ameca, the porphyry copper-molybdenum Dragoon project in Arizona and the gold-silver Oro project in New Mexico.

-30-

Robert Macdonald (P.Geo) is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release.

(1)    Southern Silver advises that grab and select chip samples may not be representative of all mineralization on the property
(2)    Southern Silver advises that tonnage and grade of adjacent properties or those used for comparative purposes may not reflect the ultimate potential of the Cerro Las Minitas project

On behalf of the Board of Directors
“Lawrence Page”
Lawrence Page, President, Southern Silver Exploration Corp.

For further information, please visit the company’s website at southernsilverexploration.com or contact Liana Shahinian at 604.641.2773, toll free 1.888.456.1112 or by email at liana@mnxltd.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

post #28 of 34

Anyone else hanging tough here?

post #29 of 34

Holding strong, not bothered too much by this volatility(based on silver price mostly I believe, which is bound to rebound hehe)...it's only paper loss until you sell it. Cerro las minas has excellent potential, not only for silver but gold as well. Even though the results produced just 153g/t silver for 6.8m... this was based on a Wide hole, which means this could include a strong vein or just a part of it, but w/e the case, there's something there and they found it on the first shot! Given this preliminary result, they can infer and look for the actual veins or system. Very excited about the 2011 program and what the four projects will yield. This is just the beginning of another epic company in the making...what's next, Eastern Silver? :P

post #30 of 34

Southern Silver Closes First Tranche of Private Placement and Starts 10,000 Metre Phase II Drill Program at Cerro Las Minitas44 minutes ago by Marketwire Canada

Southern Silver Exploration Corp. ("Southern Silver") (TSX VENTURE:SSV)(FRANKFURT:SEG) announces that it has closed the first tranche of its previously reported non-brokered private placement by issuing 14,151,706 units at a price of $0.17 per unit for gross proceeds of $2,405,790. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of two years at an exercise price of $0.22 per share.

Securities issued pursuant to this tranche of the private placement, including common shares, share purchase warrants and finder's warrants issued as finder's fees, carry a legend restricting trading of the securities until November 21, 2011. The private placement and finder's fees are subject to regulatory approval.

Net proceeds from the Offering will be utilized for exploration and property maintenance expenses incurred on the Cerro Las Minitas and Minas de Ameca projects in Mexico and the Oro project in the USA.

Specifically, the Company intends to immediately expand its current exploration program on its Cerro Las Minitas project in Mexico after initial results returned high-grade silver and polymetallic mineralization from four of ten core holes completed as part of the Phase I exploration program, including bonanza grade mineralization from a 1.8 metre interval averaging 1400g/t Ag, 19.7% Pb and 14.5% Zn within a 3.3 metre interval averaging 818g/t Ag, 12.9% Pb and 10.9% Zn in drill hole 11CLM-008 (see NR-08-11).

The positive results to date have prompted an expansion of the project into a second phase program of 25 to 30 diamond drill holes totaling 10,000 metres for which crews have now mobilized. This new drilling will target specific occurrences located within the area of historic mining and several additional targets derived from the recently completed surface IP geophysical program including extensions of this newly discovered high-grade zone in 11CLM-008.

Phase I drilling on the property by Southern Silver tested widely-spaced targets, each of which with the potential to develop significant high-grade mineral inventories. Surface work on other regional targets continues.

A summary of the hole locations and significant results from the Phase I drilling are presented in Figure 1 and Table 1.

To view Figure 1, please click on the following link: http://media3.marketwire.com/docs/ssv720m.pdf

About the Cerro Las Minitas property

The Cerro Las Minitas property comprises 17 concessions which total 10,980 hectares and an approximate 25 kilometre lineal strike length. The property is located about 70 kilometres to the northeast of the city of Durango in Durango State, Mexico, and is accessed easily by road.

Mining has been conducted on the property since colonial times and has identified several types of silver-, lead- and zinc-enriched massive-sulphide pipes, veins and carbonate- replacement deposits (CRDs), as well as mineralized skarns at the margins of a large intrusive body. The Santa Eulalia replacement deposit (45Mt of 310g/t Ag, 7.1% Zn and 8.2% Pb) and the skarn deposit of San Martin (60Mt of 118g/t silver, 0.9% copper and 3.9% zinc) are examples of two major Mexican mines occurring in similar geological environments(1).

Limited historical drilling on the project by Noranda (not independently verified by Southern Silver) returned numerous intervals of higher grade silver and base metals, including: a 11.45 metre interval (down hole) grading 123g/t silver, 1.55% lead and 7.79% zinc from drill hole NGV-00-02 and a 1.41 metre interval (down hole) grading 529g/t silver, 6.99% lead and 1.27% zinc from drill hole NGV-00-06.

The mineralized zones at Cerro Las Minitas have been exploited to depths of 300 metres and over widths of 60 metres.

Table 1: Summary of Phase I Drilling Assays from the Cerro Las Minitas
         Project

----------------------------------------------------------------------------
                               From     To  Interval    Ag    Cu    Pb    Zn
Hole No.                          m      m         m   g/t     %     %     %
----------------------------------------------------------------------------
11 CLM-001                    296.2  297.4       1.2    99  0.14  0.04  0.05
----------------------------------------------------------------------------
11 CLM-002                     93.7   94.3       0.6    94  0.02  1.64  3.25
                               96.5  111.2      14.7    40  0.06  1.02  0.65
   inc                         99.2  105.9       6.8   153  0.11  1.47  1.01
   and                        104.0  105.9       1.9   124  0.21  2.18  1.09
                              135.6  136.9       1.3   170  0.06  0.52  0.22
                              262.8  263.3       0.4   164  ----  3.28  6.79
----------------------------------------------------------------------------
11 CLM-003                    283.5  285.7       2.2    85  0.02  1.30  0.37
                              283.5  283.9       0.4   382  0.07  6.25  1.62
                              419.6  433.6      14.0    60  0.94  0.31  1.60
   inc                        419.6  421.7       2.1   100  1.37  0.17  3.08
   inc                        423.1  424.5       1.4    92  1.33  0.46  3.30
   inc                        428.8  430.3       1.5    72  1.45  0.53  1.56
   inc                        432.0  433.6       1.6    62  1.25  0.40  1.48
----------------------------------------------------------------------------
11 CLM-004                    214.5  219.0       4.5    20   0.4   0.4  ----
----------------------------------------------------------------------------
11 CLM-005                      182    190       7.8   8.6  ----  ----  ----
----------------------------------------------------------------------------
11 CLM-006                    215.5  224.6       9.1   194   0.1   5.5   1.8
   inc                        220.4  223.3       2.9   514   0.1  12.8   0.9
   and                        342.1  343.4       1.3    22  ----   1.0   2.1
   and                        410.5  427.9      17.4    51   0.4   0.2   4.7
   inc                        410.5  411.3       0.7   162   0.4   2.1  10.4
   and                        424.2  427.9       3.7   184   2.0   0.3  18.4
----------------------------------------------------------------------------
11 CLM-007                    178.2  181.8       3.6    27   ---   0.3   ---
   inc                        178.2  178.8       0.6    71   ---   0.9   0.1
   inc                        180.9  181.8       0.9    62   ---   0.8   0.1
----------------------------------------------------------------------------
11 CLM-008                     74.5   75.1       0.6   166   0.3   5.9   7.9
   and                        168.4  179.3      10.9   268   ---   4.5   3.8
   inc                        168.4  171.7       3.3   818   ---  12.9  10.9
   and                        169.6  171.4       1.8  1400   ---  19.7  14.5
----------------------------------------------------------------------------



About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious/base metal exploration company and a member of the Manex Resource Group; a private company comprised of an exceptional multi-disciplinary team of professionals with specific expertise in all areas of exploration, development, corporate finance and public company administration.

The Company's growth strategy is to acquire, explore and develop high-quality properties in progressive jurisdictions within North America. Its current projects include the silver-lead- zinc Cerro Las Mintas project and the copper-gold-silver Minas de Ameca in Mexico, the porphyry copper-molybdenum Dragoon project in Arizona and the gold-silver Oro project in New Mexico.

Robert Macdonald (P.Geo) is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release.

(1) Southern Silver advises that tonnage and grade of adjacent properties or those used for comparative purposes may not reflect the ultimate potential of the Cerro Las Minitas project

On behalf of the Board of Directors

Lawrence Page, Q.C., President, Southern Silver Exploration Corp.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for Southern Silver's projects, and the availability of financing for Southern Silver's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

SOURCE: Southern Silver Exploration Corp.

post #31 of 34

Looks like it stabilized at the $0.15-$0.17 range which is probably due to the large insider holdings at these levels. It might not be worth much, but Southern Silver has followed a pretty predictable course over the past year (my own interpretation), and looks like it is due for a big Q4 11'/Q1 12'. I was definitely feeling ill over this investment earlier in the summer, however it seems to be outperforming the market and showing promise for the Winter.

 

Probably a bit early to start talking about it, but definitely one to keep on the radar.

post #32 of 34

New Drilling Returns 4.5 Metres of 192g/t Ag, 0.3% Cu, 5.3% Pb and 8.4% Zn at Southern Silver's Cerro Las Minitas Project9:16AM ET on Wednesday Oct 19, 2011 by Marketwire

 

Southern Silver Exploration Corp. (TSX VENTURE: SSV)(FRANKFURT: SEG) reported today that assay results from core drilling continue to expand both the lateral and down-dip dimensions of the Blind zone, a silver-rich, polymetallic mineralized zone which forms part of Southern's Cerro Las Minitas project, located in Durango State, Mexico.

The company reported multiple high-grade intercepts of significant thickness in three drill holes which offset previously reported bonanza grade mineralization in drill hole 11CLM-008 which included a 3.3 metre interval averaging 818g/t silver, 12.9% lead and 10.9% zinc.

 

Highlights from the current drilling include:
--  a 4.5 metre interval averaging 192g/t silver, 0.3% copper, 5.3% lead and
    8.4% zinc within an 11.7 metre interval averaging 113g/t silver, 0.2%
    copper, 3.3% lead and 4.9% zinc from drill hole 11CLM-016, and
--  a 5.3 metre interval averaging 54g/t silver, 0.2% copper, 1.5% lead and
    2.8% zinc from drill hole 11CLM-014


 

The drilling is part of a systematic program of lateral and down-dip offsets of the Blind zone designed to delineate the full dimension of this previously undiscovered gravel covered target which is outboard of both the main intrusive stock and the area of historic mining and exploration. The Blind zone is the first of several buried targets identified on the property through IP geophysics to be drill tested. The current results demonstrate the increasing possibility for developing mineral resources of potentially economic significance on the property.

 

Drilling on the Blind zone has now tested a 325 metre strike-length and up to a 280 metre depth, with multiple mineralized intercepts in most drill holes and is open in all directions. Initial drilling has identified a series of monzonitic to felsic intrusions in the host limestone stratigraphy with mineralization occurring on the margins of the intrusions. A preliminary interpretation of the drill data suggests good continuity within two main mineralized horizons (Footwall and Hangingwall) and several secondary mineralized structures which may develop, with further drilling into definable mineralized lenses. Assays from four additional holes completed in the Blind zone are pending.

 

El Sol Zone

 

Southern Silver also reported that drill hole 11CLM-015 tested the upper portion of the El Sol target located about 150 metres to the northeast of the Blind zone. The drill intercept is a 115 metre vertical offset from a previously reported deep intercept from drill hole CLM-011 (13.6 metres of 38g/t Ag, 0.1% Cu, 1.6% Pb, and 1.9% Zn). The El Sol zone crops out on surface and has been previously worked by artisan miners. The El Sol zone represents another potentially significant mineralized zone which has received only very limited drill testing.

 

Exploration Program

 

Twenty-one drill holes totalling 5466 metres of an anticipated and fully funded 13,000 metre drill program have been completed on the project to date. Ten holes have now been completed on the Blind zone and assays for four of these drill holes are still pending.

Future drilling will target specific occurrences located within the area of historic mining and several targets derived from the recently completed surface IP geophysical program.

An updated drill hole plan is available at www.southernsilverexploration.com.

 

About the Cerro Las Minitas property

 

The Cerro Las Minitas property comprises 17 concessions which total 10,980 hectares and an approximate 25 kilometre lineal strike length. The property is located about 70 kilometres to the northeast of the city of Durango, Durango State, Mexico and is accessed easily by road.

Mining has been conducted on the property since colonial times and has identified several types of silver-, lead- and zinc-enriched massive-sulphide pipes, veins and carbonate-replacement deposits (CRDs), as well as mineralized skarns at the margins of a large intrusive body. The Santa Eulalia replacement deposit (45Mt of 310g/t Ag, 7.1% Zn and 8.2% Pb) and the skarn deposit of San Martin (60Mt of 118g/t silver, 0.9% copper and 3.9% zinc) are examples of two major Mexican mines occurring in similar geological environments(1).

The mineralized zones at Cerro Las Minitas have been exploited to depths of 300 metres and over widths of 60 metres.

post #33 of 34

Looks like its trying to gap back up to .17 support. Big movement today on volume hitting .19...

post #34 of 34

Drilling Underway on Southern Silver's Dragoon Project; Reports Oro Project Drill Results - 8 hours ago by Marketwire

 

Southern Silver Exploration Corp. (TSX VENTURE: SSV)(FRANKFURT: SEG) reported today that optionee Freeport-McMoRan Exploration Corp. (FMEC) has commenced drilling at the Dragoon Project, located 90 kilometres southeast of Tucson, Az.

 

The current drill hole follows two previous deep holes on the project by FMEC which tested a gravel covered area of prospective stratigraphy along the main range-front fault at the base of the Dragoon Mountains. The current hole, DS-12-03, is located approximately 175 metres to the north of hole DS-11-02 and is expected to test to depths of about 1000 metres.

Previous drilling on the project intersected over 500 metres of variably altered and mineralized Paleozoic marbles and porphyritic Laramide intrusive in hole DS-11-02. Quartz veining and variable amounts of copper and molybdenum sulphides occur through much of the target interval which averaged 0.06% copper over 527 metres in the lower part of the drill hole.

 

Only four previous drill holes tested the property below 600 metres and the mineralizing system remains open below that depth. Southern Silver believes that these results, together with other historical data, suggest the presence of a large, deep-seated copper porphyry system disrupted by post-mineral faulting.

The Dragoon property is a contiguous block of 12.8 sq. km that consists of 68 unpatented mining claims and four State leases located in southeast Arizona. The property contains areas of exposed Copper-Molybdenum mineralization, Laramide-age porphyry and "leached capping" in the eastern part of the property.

Southern Silver has the right to earn a 100% interest in the property by the payment of $300,000 by August 2012 and FMEC has the right to earn a 70% interest in the property by spending $3 million in exploration and development expenses on the property by December 31, 2012.

 

 

Oro Project

 

Southern Silver also reported assay results from four core holes (1,697 meters) on its wholly owned Oro Copper/Gold property in southwest New Mexico. Two holes were drilled near the central, highly altered portion of the Oro property, and the third and fourth holes were drilled on the periphery of the 5km by 2.5km alteration zone. The Oro property is on strike with a belt of world-class porphyry copper deposits in southeast Arizona and southwest New Mexico.

 

Hole OR11-006 intersected 9.1m of 0.37% Cu within a 43m interval averaging 0.14% Cu. A second 50m interval averaging 0.1% Cu was intersected deeper in the hole. Strongly altered, multiphase intrusions and skarn were encountered throughout the entire hole, with the strongest copper values surrounding a zone of intense potassic alteration.

Hole OR11-007 was drilled 520m northwest of OR11-006 and encountered anomalous arsenic and gold, with a high value of 0.90 grams gold per tonne over 0.8m. The other two holes contain only anomalous metal values. All holes at depth encountered strongly altered intrusive rocks with anomalous metals, reflecting the large size of this mineral system.

Southern Silver is evaluating the results and soliciting advice from an expert in porphyry copper deposits. Down hole electrodes were placed in two holes, including OR11-006, to be utilized by a planned IP geophysical survey to further delineate drill targets.

 

Mapping and sampling peripheral to the main altered area at Oro has identified the Stockpond disseminated gold target, which was recently staked by Southern Silver. This new shallow gold target is defined by 14 samples, all of which returned anomalous gold assays from 0.062 to 4.8 g/t Au, from small silicified sandstone outcrops that protrude through gravel. Eight of the 14 samples contained more than 0.4 g/t Au. The outcrops are within an area measuring approximately 250m by 150m, and anomalous soil samples containing from 0.01 g/t to 0.12 g/t Au indicate that the mineralized area may be much larger beneath the shallow gravel cover. Permitting of this target is nearly complete pending bonding. An initial phase of trenching is anticipated on the project followed by drilling in 2012.

The Oro Project comprises a contiguous block of Federal, State and Private land totaling 17.2 sq. km in the historic Eureka mining district in southwest New Mexico.

 

Southern Silver has the right to earn a 100% interest in the property by payments totaling $225,000 to private vendors by December 2012.

 

Robert Macdonald (P.Geo) is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release.

 

On behalf of the Board of Directors

Lawrence Page, President

Southern Silver Exploration Corp.

For further information, please visit the company's website at www.southernsilverexploration.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Southern Silver Exploration Corp.
Liana Shahinian
1.888.456.1112
liana@mnxltd.com
www.southernsilverexploration.com



SOURCE: Southern Silver Exploration Corp.

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